{"id":5505,"date":"2013-09-26T00:00:00","date_gmt":"2013-09-26T05:00:00","guid":{"rendered":"https:\/\/institutionalinvestorsecuritiesblog.blawgcloud.com\/2013\/09\/jpmorgan_considers_11b_mortgag"},"modified":"2022-05-05T08:40:13","modified_gmt":"2022-05-05T13:40:13","slug":"jpmorgan-considers-11b-mortgag","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/jpmorgan-considers-11b-mortgag\/","title":{"rendered":"JPMorgan Considers $11B Mortgage-Backed Securities Settlement"},"content":{"rendered":"

Now that US Attorney General Eric Holder has turned down JPMorgan Chase\u2019s (JPM)<\/a> offer to settle criminal and civil charges related a mortgage-backed securities probe, the financial firm is looking at a settlement of possibly $11 billion. The financial figure has gone up as talks have expanded to include additional cases with more regulators.<\/p>\n

The MBS investigations are over residential mortgage-backed securities (RMBS) that JPMorgan, Washington Mutual (WAMUQ), and Bear Stearns (BSC) issued between 2005 and 2007. Authorities have been looking into whether JPMorgan, which the other two firms acquired during the financial crisis, misled investors of the quality of the mortgages that were backing the securities. A lot of these RMBS failed as housing prices dropped. JPMorgan says that Washington Mutual and Bear Stearns issued about 70% of these RMBS.<\/p>\n

One possible settlement could include $4 billion in relief to consumers and a $7 billion penalty. However, according to sources familiar with the settlement talks, the two sides have not come close to agreeing on the figure and the amount could change.<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Now that US Attorney General Eric Holder has turned down JPMorgan Chase\u2019s (JPM) offer to settle criminal and civil charges related a mortgage-backed securities probe, the financial firm is looking at a settlement of possibly $11 billion. The financial figure has gone up as talks have expanded to include additional cases with more regulators. The […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3752,3958,3757],"tags":[],"class_list":["post-5505","post","type-post","status-publish","format-standard","hentry","category-financial-firms","category-jp-morgan-chase","category-mortgagebacked-securities"],"yoast_head":"\nJPMorgan Considers $11B Mortgage-Backed Securities Settlement — Investor Lawyers Blog — September 26, 2013<\/title>\n<meta name=\"description\" content=\"Now that US Attorney General Eric Holder has turned down JPMorgan Chase\u2019s (JPM) offer to settle criminal and civil charges related a mortgage-backed — September 26, 2013\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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